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(7) Damages for Defect of Title. Lessor covenants that Lessor is well seized of said premises,has good right to lease the same, and warrants and agrees to defend the title thereto;and to reimburse and hold Lessee harmless from all damages and expenses which Lessee may suffer by reason of any restriction,encumbrance or defect in such title. (8) Taxes and Encumbrances. Lessor agrees to pay all taxes, assessments and obligations which are or may become a lien on the demised premises and improvements (except any owned by Lessee) as they may become due. If Lessor should fail to do so, Lessee shall have the right either to make such payments for the account of Lessor,in which event,it shall be subrogated to all the rights of the holder of such lien, and in addition thereto shall have the right to apply accruing rentals in satisfaction of such obligation;or Lessee,in the event of a foreclosure of any such lien and the sale of said demised premises and improvements, shall have the right to buy in said premises and im- provements for its own account. (9) Option. Lessor hereby gives Lessee the right and option to purchase the demised premises and all struc- tures and improvements thereon (other than improvements owned by Lessee) at any time during the term of this lease for the sum of No Bption ($ None ) Dollars. Lessee's notice of election to purchase shall be sufficient if deposited in the mail addressed to Lessor at the depository above mentioned at or before midnight of the day on which option term expires. Lessor shall, when requested by Lessee,deliver to Lessee complete abstracts of title,upon receipt of which Lessee shall have a reason- able time in which to examine the title, and, upon completion of title examination, if title is found satisfactory, shall tender the purchase price to Lessor, and Lessor, at time of such tender, shall deliver to Lessee a good and sufficient warranty deed conveying the premises to Lessee free and clear of all encumbrances. (10). Application of Option Purchase Price. In event,accruing rentals are insufficient to reimburse Lessee for expenditures made by Lessee hereunder, and in event Lessee exercises option to purchase the demised premises, Lessee may apply such part of the purchase price as is necessary to (a) completely reimburse itself for such ex- penditures and (b) pay any other indebtedness of Lessor to Lessee,together with interest at six per cent per annum. (11) Notice. Any notice by Lessee to Lessor hereunder may be given by mailing same by registered mail to Lessor at Lessor's address hereinabove given, (12) Approval and Signing by Lessee. This agreement, whatever the circumstances, shall not be binding on Lessee unless and until approved and signed on its behalf by one of its Executive Officers,Regional Sales Managers, Division Managers,or its Director of Sales Operations. (13) Successors and Assigns. This agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators,successors and assigns. (14) Special Provisions: If this lease is,for morq,A han one year., it shall be subject to termination By Lessor at the end of the fourth year. or any subsequent year prithp to the end of tY}e term upon thirty (30) days written notice from Lesser to Conoco. IN WITNESS WHEREOF,Lessor and Lessee have hereunto subscribed their names the day and year first above written. Q - Witness: At.. x / ( (Seal) (Lessor) Witness: CONTINENTAL OIL COMPANY (Lessee) ATTEST:. :